Tax Deed Forclosure Sales

[Dona Miller]

I have been researching a property to be sold at an upcoming tax foreclosure sale. Unlike many of the properties I see listed, this one looks like a good opportunity for me to purchase and turn quickly for a profit (I'm a "newbie, so this would be my first investment/deal). I have performed due diligence - to the extent I am able. It looks as though it has a clear chain of title, one owner deceased, the other most likely deceased as well - plus in Oregon previous owner rights are terminated at the sale; no outstanding liens other than taxes, access available, water rights intact (on an existing well). A manufactured home sits on the property but the purchase and subsequent sale would be based solely on the land value. I am so new at this, however, I need a mentor. I don't know about hard money loans in instances such as this, or if I will need to quiet the title in order to resell. I've done some comparables and it really looks good (a gem within the counties otherwise not-so-desirable offerings. Can anyone help, or tell me how I might prepare to take advantage of this? Please? 

[Ryan Blake]

@Dona Miller Most hard money lenders won't lend on auctions because there is no time to do a title search. Your best bet will be to get a line of credit or find a private lender / partner with money to go in on the deal with you.